Group 3 subjects detailed below are:
Economics, History, Geography, Philosophy, Psychology
Economics is about the allocation of resources in our society and the way this allocation affects our daily lives in terms of prices, unemployment, inflation and governments’ policies. It gives us a set of conceptual tools which we use to understand the world around us. That world is fundamentally affected and shaped by the economic decisions that are made by people companies and governments. At the same time we learn to recognise that what seem to be rational economic decisions are in fact the outcome of psychological processes such as emotion and by our value systems concerning the nature of man. We also begin to understand that the fundamental conflict in politics in the modern world is based on different understandings as to an economy works
The subject requires that students understand and engage with the realities of the world and not treat economics as an abstract set of theories which are learnt merely to pass an examination.
John Maynard Keynes the greatest economist of the 20th century has set out the ultimate standard we should aim for in studying economics
“The master-economist must possess a rare combination of gifts …. He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man’s nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician.”
Most of us will never achieve the standards demanded by Keynes of the master economist but on this course we will jolly well try.
A lecture by Karol Modzelewski
Geography is TBD
Philosophy is TBD
Psychology is TBD